Interim report for the period from January 1 to March 31, 2001
Interim report for the period from January 1 to March 31, 2001 The CEO hereby submits this interim report for the period between January 1 and March 31, 2001, at the request of the Board of ENEA DATA AB. * Net sales for the Enea Group SEK 235 million (+41%) * Earnings for the Enea Group, excluding amortization of goodwill SEK -27.6 million (16.1) * Net sales Enea OSE Systems SEK 51 million (+35%), earnings SEK -59.4 million (-8.9) * Net sales for the consulting business SEK 202 million (+44%), operating profit SEK 25.8 million (19.9) excluding amortization of goodwill. * The Enea Group as a whole is expected to be profitable for full year 2001 excluding amortization of goodwill * Consulting business continued to show good results during this quarter * The acquisition of Polyhedra is the next phase in the development of OSE * Michael Dager is the new CEO of Enea OSE Systems The Enea Group In March, the Company acquired all the shares of Polyhedra Plc, a British company with one of the most advanced real time database technologies in the world. Preliminarily, the accounts should be consolidated beginning on May 1, 2001. Peter Johansson assumed the position of deputy CEO of Enea Data AB on April 5, 2001. Prior to that, he served as the CEO of Emerson Energy Systems in Shanghai, China. Peter will primarily work with our international growth. Staff growth during the first quarter reflects a market that is weaker than it was last year. At the end of the period, there were 889 (728) employees, which represents an increase of 22 percent. The personnel turnover during the first quarter was about 13 percent, converted to a whole year basis. ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/05/03/20010503BIT00120/bit0002.doc Full Report http://www.bit.se/bitonline/2001/05/03/20010503BIT00120/bit0002.pdf Full Report